Rock Springs council approves sale of old First Security Bank building

ROCK SPRINGS (WTE)  — The Rock Springs City Council voted at its Aug. 4 meeting to approve the sale of the old First Security Bank building on South Main Street, moving forward with a deal intended to relieve the city of a long-standing financial burden.

The city accepted a $75,000 cash “as-is” offer from Kody Watts of Keller Williams Realty Western Trails. The sale officially hands off the former First Security Building to a private developer, eliminating an estimated $8 million liability for the city.

The transaction comes after the council paused the sale in June to allow time for additional community input and competing bids.

Councilman Daniel Pedri said they listened to constituents who expressed interest in the building, but “it fizzled out,” noting no other viable bids were presented during the delay.

In the contract, the buyer agreed to modify the remaining structure into retail and office condominiums. Key terms of the agreement require the developer to commence construction within one year of closing and achieve substantial completion within four years.

Mayor Max Mickelson said the transaction carries no direct cost to local taxpayers and the city of Rock Springs, which he described as “a win-win.”

This story was published on August 8, 2026. 

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